Today sees the launch of Huddle Capital, a new P2B lending platform that connects borrowers and lenders through a personal, bespoke service.
The service collaborates with FCA-authorised site rebuildingsociety.com in order to operate as an authorised platform.
The new Huddle Capital platform facilitates borrowing and lending, focusing on SMEs based in the United Kingdom, with its team meeting the borrowers individually, and say it will create a community of 'well-informed, confident investors who can connect with the borrowers'.
Following a period of bedding in and growth, Huddle will consider applying for full FCA authorisation.
Kylie Greeff, Legal & Compliance Manager at rebuildingsociety.com, commented:
“The processes we ensured are in place are assets that will ensure that their business starts from a firm grounding that will allow it to grow more efficiently in the future.”